Dundas Textiles Ltd - Accounts to registrar (filleted) - small 18.1
Dundas Textiles Ltd - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2017 |
| for |
| Dundas Textiles Ltd |
| Dundas Textiles Ltd (Registered number: 08302107) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Dundas Textiles Ltd |
| Company Information |
| for the Year Ended 30 November 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Bennett House |
| The Dean |
| Alresford |
| Hampshire |
| SO24 9BH |
| Dundas Textiles Ltd (Registered number: 08302107) |
| Balance Sheet |
| 30 November 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Dundas Textiles Ltd (Registered number: 08302107) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2017 |
| 1. | STATUTORY INFORMATION |
| Dundas Textiles Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The directors, having considered a period of at least 12 months from the date of signing these accounts, deem the |
| company to be a going concern. As the largest creditors of the company, the directors have agreed not to |
| withdrawn their directors loan account until such time that the company can afford to repay it and to provide |
| support to the company by way of working capital for as long as the company requires it. |
| Turnover |
| Turnover represents the value of goods invoiced by the company, net of Value Added Tax and trade discounts. |
| Turnover is recognised on the basis of invoices raised. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Dundas Textiles Ltd (Registered number: 08302107) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and | Development | Website |
| licences | costs | development | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2016 |
| Additions |
| Reclassification/transfer | ( |
) | ( |
) |
| At 30 November 2017 |
| AMORTISATION |
| At 1 December 2016 |
| Amortisation for year |
| Reclassification/transfer | ( |
) | ( |
) |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| Dundas Textiles Ltd (Registered number: 08302107) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2016 |
| Additions |
| Reclassification/transfer |
| At 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| Reclassification/transfer |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Deferred tax asset |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| Directors' current accounts | 48,657 | 46,400 |
| Accrued expenses |
| 8. | DEFERRED TAX |
| £ |
| Balance at 1 December 2016 | ( |
) |
| Capital allowances in excess |
| of depreciation | 39 |
| Deferred tax on unrelieved |
| losses | 1,974 |
| Balance at 30 November 2017 | ( |
) |
| Dundas Textiles Ltd (Registered number: 08302107) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary Shares | £1 | 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| Miss L K Z De Ferranti |
| A director and shareholder of the company |
| At the year end the related party was owed £40,691 (2016: £38,434) by the company. |
| Mr J Dundas |
| A director and shareholder of the company |
| At the year end the related party was owed £7,966 (2016: £7,966) by the company. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |